News
Video Interview with Robert Turnbull
MHN interviews Robert Turnbull, President and Co-Founder of RentWiki, about Web 3.0 and beyond.
Adaptive Reuse Project Opens in SoCal
Marina del Rey, Calif.–Latitude 33, formerly an underperforming, institutional-looking office building, has been transformed into a modern luxury beach community.
Green Apartment Building Springs to Life, Eradicating Crime Hot Spot in Washington, D.C.
Washington, D.C.–Wheeler Terrace, a neglected 161-unit apartment building that had become a magnet for criminal activity in Washington, D.C., has undergone a renaissance.
Condo Sales See Slight Uptick in August
Washington, D.C.–The sales of existing U.S. condominiums and co-ops gained some traction in August, according to the National Association of Realtors, but only as a modest uptick.
DEAL OF THE DAY: Berkadia Supplies $11M Refinance Loan Carrying 4.15% Interest
Santa Cruz, Calif.–Berkadia Commercial Mortgage LLC originated $11,000,000 in fixed-rate debt through its Freddie Mac program for the refinance of Hidden Creek Apartments, a multifamily property in Santa Cruz, Calif. The loan features a fixed rate of 4.15 percent.
Behringer Harvard Appoints SVP of Property Management
Dallas–Behringer Harvard has appointed Margaret M. (Peggy) Daly as senior vice president of Property Management for Harvard Property Trust, LLC, an affiliate of Behringer Harvard. In this newly created role, her responsibilities include the development and leadership of residential property management and the operating platform for Behringer Harvard multifamily assets. Daly has more than 30 years of experience in management of Class-A multifamily assets including, most recently, a two-year tenure as executive vice president of Property Management at Place Properties LLP where she was responsible for the profitability, business development and performance results of over 22,000 beds of student housing.
Mark A. Linnell of LinnellTaylor Marketing Passes Away
Longmont, Colo.–Mark A. Linnell, who founded LinnellTaylor Marketing, a communication firm for multifamily companies, died on September 5, 2010 at his home from complications of pancreatic cancer. He was 56. Linnell was also an active member of his local business communities. He loved sharing his passion for music and his enthusiasm for life extended into sports, supporting the Rockies, the Avalanche and the Broncos, his garage (also known as his favorite room in the house), his Corvette as well as keeping up with the latest technologies and current affairs. But the one thing to best describe him was his love…
United Group Wins $20M Financing for Seniors Properties
Albany, N.Y.–The United Group of Cos. has obtained senior loan financing totaling $20.2 million for two independent living seniors housing properties, the Lodge at Bridgemill in Canton, Ga., and Colonial Square, in Utica, N.Y.
DEAL OF THE DAY: NorthMarq Helps Refi CMBS Loan with $4.2M Mortgage from Alternative Capital Source
Garland, Texas–Paul Brighton, senior vice president and senior director of NorthMarq Capital’s Dallas Regional office, arranged first mortgage financing of $4.2 million for Country Village Apartments, a 160-unit multifamily property located at 4362 W. Walnut in Garland, Texas.
Oi Cellular Furniture: A Unique Couch to Lounge On
Oi’s new cellular furniture system is a unique line of seating and surface components, which fit onto a 30-in. x 30-in. base to create a cell. The cells can be combined to create hundreds of configurations.